CLO Markets

All Update archive

  • CLO Markets US Deal Alert - 23 August 2023, 9.50 UK time

    JPMorgan is marketing US BSL CLO, 1988 CLO 3 LTD, managed by 1988 Asset Management.1988 Asset Management is an affiliate of Muzinich & Co, which launched its CLO platform in ......

    23 August 2023

  • CLO Markets Daily - 22 August 2023

    *EU new issues: IPTs out for RRME 16*US new issues: CIFC Funding 2023-I under guidance; PGIM’s Dryden 102 CLO subjectUS resets: Voya 22-3 marketed*Loss mitigation loan side car agr ............

    22 August 2023

  • CLO Markets EU Deal Alert - 22 August 2023, 15.00 UK time

    Initial price thoughts are circulating for RRE 16 Loan Management, a European CLO managed by Redding Ridge Asset Management (UK) LLP.Pricing is targeted for next week, according to investors.The deal ......

    22 August 2023

  • CLO Markets US Deal Alert - 22 August 2023, 9.20 UK time

    BofA is marketing the reset of Voya CLO 2022-3, a US BSL CLO managed Voya Alternative Asset Management.The bulk of the triple-A rated notes is already placed, according to investors. ......

    22 August 2023

  • CLO market relatively healthy despite new issuance lag

    The CLO market seems relatively healthy so far, despite new issuance numbers down compared to this time last year, according to Rob Shrekgast, head of sales at KopenTech, a CLO ......

    21 August 2023

  • CLO Markets Daily - 18 August 2023

    *EU new issues: OCPE 23-7 priced; Pemberton’s Indigo I and Alcentra’s Jubilee 27 pre-marketed*US resets: SYMP 2022-35 priced* Reset activity in Europe expected to rise to ............

    18 August 2023

  • CLO Markets EU Deal Alert - 18 August 2023, 16.00 UK time

    OCP Euro CLO 2023-7, a European CLO managed by Onex Credit Partners, has priced via Jefferies.In the final structure, the equity piece is sized at €28.60m, larger than the €25m ......

    18 August 2023

  • CLO Markets EU Deal Alert - 18 August 2023, 15.15 UK time

    JPMorgan is pre-marketing Indigo Credit Management CLO I, Pemberton’s inaugural CLO. Pricing is targeted for early to mid-September, according to investors.Pemberton is expected to ............

    18 August 2023

  • Reset activiy in Europe set to rise

    Reset activity in Europe is expected to rise to €2.4bn if triple-A spreads tighten to 160bp in the next three months, according to latest credit research from Barclays.Due to primary ......

    18 August 2023

  • CLO Markets Daily - 17 August 2023

    *EU new issues: OCPE 23-7 update*US new issues: guidance on Octagon 70’s triple-Bs widened; Barrow Hanley CLO II (1-year make-whole on Class A to C) priced; triple-As of Magnetite XXXVII ......

    17 August 2023

  • CLO Markets US Deal Alert - 17 August 2023, 15.00 UK time

    Cerberus Loan Funding XLII, a US middle-market CLO serviced by Cerberus Business Finance, has priced via Natixis.There was some protection in all classes and all classes had some pre-placement, accor ......

    17 August 2023

  • CLO Markets EU Deal Alert - 17 August 2023, 10.15 UK time

    OCP Euro CLO 2023-7, a European CLO managed by Onex Credit Partners, is expected to price later today or tomorrow, according to investors.The capital structure now has a €1m unrated ......

    17 August 2023

  • CLO Markets US Deal Alert - 16 August 2023, 21.15 UK time

    BBAM US CLO III, a US BSL CLO managed by RBC Global Asset Management (U.S.) Inc. (BlueBay Asset Management), has priced via RBC Capital Markets.Apollo Global Securities acted as co-placement ......

    16 August 2023

  • CLO Markets Daily - 16 August 2023

    *US new issues: MJX VENTR 2023-48 talk widened*Morgan Stanley August CLO manager factbook*Dryden 32 Euro CLO 2014’s Class F-R notes downgraded to Caa1 from B3*Credit quality of the loans ba ......

    16 August 2023

  • CLO Markets Daily - 15 August 2023

    *US new issues: HPS’ HLEND 23-1 upsized; 720 East CLO 2023-II and TCW 23-1 priced*US resets: ELM19 2022-6 priced*Eagle Point remains wary of investing in new-issue CLO equity, but ......

    15 August 2023

  • CLO Markets US Deal Alert - 15 August 2023, 16.50 UK time

    HLEND CLO 2023-1, a US private credit CLO managed by HPS Corporate Lending Fund, has been upsized to $425m.The transaction is expected to go subject this week and to price ......

    15 August 2023

  • Gap between new-issue and secondary-market CLO equity declining

    Eagle Point remains wary of investing in new-issue CLO equity, but thinks that the differential between secondary-market and new-issue levels is reducing. “We are probably turning the corne ............

    15 August 2023

  • CLO Markets Daily - 14 August 2023

    *US new issues: MJX VENTR 2023-48 marketed*US resets: price talk out for Ares Loan Funding II, LCM 38*European loan market sees fewer Liability Management exercises where one group of lender ......

    14 August 2023

  • CLO Markets US Deal Alert - 14 August 2023, 11.10 UK time

    Deutsche Bank is marketing the reset of LCM 38, Ltd, a US BSL CLO managed by LCM EURO.Pricing of the deal is expected next week (week of 21 August). The ......

    14 August 2023

  • CLO Markets Daily - 11 August 2023

    *EU new issues: OCPE 23-7 expected to price on Thursday*US new issues: Octagon 70 Alto under guidance*Blocks of EU triple-As easily absorbed in secondary market*Equity distributions likely t ............

    11 August 2023

  • Equity distributions likely to stay range-bound in US, rise slightly in Europe

    Barclays credits analysts think that equity distributions have peaked for US BSL CLOs and should remain range-bound in the near term. They expect distributions among European CLOs to rise to ......

    11 August 2023
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